07 June 2018

Centre constitutes group to suggest changes in SEZ policy

Centre constitutes group to suggest changes in SEZ policy


The Centre has constituted a group of eminent persons headed by Bharat Forge’s Baba Kalyani to study the Special Economic Zones (SEZ) policy of the country and suggest measures to make it more relevant for exporters and compatible with World Trade Organisation (WTO) norms.

The SEZ Act was passed in 2005 giving tax incentives to investors, but investments in the zone were subsequently brought under the ambit of Minimum Alternate Tax and Dividend Distribution Tax leading to a dwindling in the flow of money into the SEZs.

Source- The Hindu Business Line


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